Sprint Continues To Strengthen Due To Unlimited Data Plans
By Zvi Bar:Sprint Nextel's (S) shares appreciated 10.48 percent last week, and 38.25 percent over the last month. See the one-month chart, below:
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And though Sprint shares are now up over 48 percent since the start of the 2012, they are still down 36.1 percent over the last 12 months, which means that the company still has a long way to go until most longer-term investors are back to even. See the one-year chart, below:Sprint's recent strength and general outperformance compared to the broader market appears largely due to its growing relations with Apple (AAPL), though its lack of European and Emerging Market exposure is probably also responsible for some of that outperformance.Sprint first received the iPhone at the start of the fourth quarter of 2011, which is also the last time that the company's shares were trading at their present level. Most argued that Sprint wouldComplete Story »
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